Business Context and Reporting Period
Company: S&T Bancorp, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: July 24, 2024
Event: Declaration of quarterly cash dividend by the Board of Directors.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, debt, or liquidity metrics. It focuses exclusively on dividend declaration details.
- Dividend Amount: $0.33 per share.
- Record Date: August 8, 2024.
- Payment Date: August 22, 2024.
- Reference Stock Price: $42.80 (July 23, 2024 closing price).
- Annualized Yield: 3.08%.
Material Changes Versus Prior Period
The declared dividend represents an increase of $0.01 per share, or 3.13%, compared to the $0.32 per share dividend declared in the same period of the prior year.
Guidance, Outlook, and Risks
The filing contains no management commentary regarding future guidance, outlook, risks, contingencies, or unusual items. The document serves solely to disclose the dividend event and includes a press release as Exhibit 99.1.
Investor Verification Checklist
- Verify the record date (August 8, 2024) to ensure eligibility for the dividend.
- Confirm the payment date (August 22, 2024) for cash flow planning.
- Review the attached press release (Exhibit 99.1) for any additional context not included in the 8-K summary.
- Monitor the stock price relative to the $42.80 reference price to assess current yield fluctuations.